EXCELERATE ENERGY Reports Q2 FY2023 Earnings with 30.6% Year-over-Year Revenue Decrease
August 12, 2023
☀️Earnings Overview
EXCELERATE ENERGY ($NYSE:EE) reported their earnings results for the second quarter of FY2023 on June 30 2023, with total revenue of USD 432.4 million, a decrease of 30.6% year over year. Net income was reported at USD 6.0 million, showing an improvement from the prior year’s figure of -3.0 million.
Analysis
GoodWhale has conducted a review of EXCELERATE ENERGY‘s fundamentals. Our Risk Rating indicates that this is a medium risk investment in terms of financial and business aspects. In the income sheet and balance sheet, we have detected two risk warnings that investors should be aware of. To get more detailed information, please register with us. We believe that by considering these warnings, investors can make more informed decisions about whether or not to invest in EXCELERATE ENERGY. With GoodWhale, you can rest assured that you have access to the most up-to-date data and analysis to help you make the right investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Excelerate Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.9k | 28.17 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Excelerate Energy. More…
| Operations | Investing | Financing |
| 259.07 | -365.92 | 185.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Excelerate Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.9k | 1.15k | 18.66 |
Key Ratios Snapshot
Some of the financial key ratios for Excelerate Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 65.6% | 3.6% | 11.8% |
| FCF Margin | ROE | ROA |
| -5.8% | 28.9% | 4.9% |
Peers
The company has a strong commitment to environmental stewardship and is constantly exploring new ways to reduce its impact on the planet. Excelerate Energy Inc. is constantly innovating and expanding its offerings, which has led to a competitive landscape with a number of other companies vying for market share.
– Constellation Energy Corp ($NASDAQ:CEG)
Constellation Energy Corp has a market cap of 27.64B as of 2022. It is a provider of electricity and gas. The company operates in three segments: generation, transmission and distribution. The company’s generation segment includes nuclear, coal, oil, natural gas and renewable energy. The company’s transmission segment includes high voltage power lines and related equipment. The company’s distribution segment includes gas and electric distribution companies.
– Hubei Energy Group Co Ltd ($SZSE:000883)
Hubei Energy Group Co Ltd is a Chinese state-owned energy company. The company is engaged in the generation and distribution of electricity, as well as the production and sales of coal. As of 2022, the company had a market capitalization of 29.76 billion US dollars and a return on equity of 7.29%.
– China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd ($SZSE:003035)
Southern Power Grid Energy Efficiency & Clean Energy Co Ltd (Southern Power Grid) is a Chinese state-owned electric utility company. The company is engaged in the generation, transmission, and distribution of electricity in Guangdong, Guangxi, Hainan, Yunnan, and Guizhou provinces in southern China. Southern Power Grid also owns and operates a number of renewable energy power plants, including hydro, solar, and wind farms. The company is headquartered in Guangzhou, Guangdong Province.
Summary
EXCELERATE ENERGY reported total revenue of USD 432.4 million and net income of USD 6.0 million for the second quarter of FY2023, signifying a decrease of 30.6% in total revenue year over year, but an increase in net income from the prior year of -3.0 million. This is promising news for investors, suggesting that the company is continuing to improve financially and is on track for long-term success.
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